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    Flexible Commercial Property with Apartment Title is generated by Realmo AI

    125 S Park Street, Streator, IL 61364

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    For Sale
    $305,000

    COMMERCIAL - Streator, IL

    Property size:
    14,480 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $21/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 125 S Park Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    3336101010
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2545

    Utilities

    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1916
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Concrete
    Building materials
    Brick, Concrete, Wood
    Roof type
    Membrane

    We can help!

    Listing Contact
    Julie Moore

    Listing agent Julie Moore License #475157626

    Listing office RE/MAX Rising 1015 Ekstam Drive Suite 2, Bloomington, IL

    Listing date Jun 4, 2026

    MLS# 12656521

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 14,480 SF commercial building with wide‑open interior previously used to hoist vehicles to a second level and adaptable for many uses.
    • Zoned Heavy Commercial and includes a newly built 1 bed, 1 bath fully furnished apartment (2023).
    • Parking lot directly north included with 13 spaces for customers, tenants, or events.
    • Major updates in 2022: new HVAC, windows, front door, electrical, and gas lines; plus lower‑level laundry room and walk‑in shower.
    • Roof upgrades: DuraLast roof installed in 2021; hanging heaters added in back in 2022; about 20 inches of insulation.
    • Upgraded electrical service with six power boxes up to 480V capability; four new garage doors with commercial openers accessible through the alley.

    Overview

    This one-of-a-kind commercial property includes expansive interior space with features that were previously used to hoist vehicles to a second level, along with multiple open areas that can support a range of operational uses. The building also includes a newly built, fully furnished 1-bedroom, 1-bath apartment completed in 2023. Vehicle and equipment access is supported by four new garage doors with commercial openers accessible through the alley, and the lower level includes a laundry room and walk-in shower.

    The parking lot located directly north of the building is included in the sale and provides 13 parking spaces for customers, tenants, or events. The property sits on a 0.36-acre lot at 125 S Park Street in Streator, Illinois. Updates reported include air conditioning, heating, windows, a front door, and electrical and gas line work completed in 2022, along with a DuraLast roof installed in 2021. Additional improvements include insulation of approximately 20 inches, hanging heaters added in 2022, and an upgraded electrical service with six power boxes with up to 480V capability on several outlets.

    Zoned COMMR, the layout is well suited for operators seeking adaptable space for business, specialty activities, events, or other commercial concepts subject to city approval. The combination of flexible interior space, defined vehicle access via garage doors, and on-site residential unit can also support mixed-use scenarios while keeping parking on-site for day-to-day operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Chix Restaurant — 104 S Everett St, Streator, IL 61364

    Location Insight

    • Map
    • Local Demand
    City
    Streator
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.834116
    Latitude
    41.121465

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    FAQs

    What type of property is this?
    Flex space - Comprises flex/industrial space plus a furnished 1-bed apartment, with yard parking and multiple garage doors accessible via alley.
    Where is this flex space located?
    The property is located at 125 S Park Street Streator, IL.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: 14,480 SF commercial building with wide‑open interior previously used to hoist vehicles to a second level and adaptable for many uses.; Zoned Heavy Commercial and includes a newly built 1 bed, 1 bath fully furnished apartment (2023).; Parking lot directly north included with 13 spaces for customers, tenants, or events.
    (309) 275-9333
    We can help!
    Listing Contact
    Julie Moore
    Real Estate License ID: 475157626
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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